AfDB OKs USD12M for Capacity-Building Schemes

The African Development Bank is granting USD12 million to support capacity-building initiatives across the region.

The African Capacity Building Foundation will manage the funding. Founded in 1991, ACBF supports a range of capacity-building projects to help Africans run more effective governments, better manage public funds, and hold elected leaders accountable.

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“Today, there is need for a public sector that is knowledgeable, efficient and committed; a private sector that is innovative, competitive while being conscious of the impact on the environment; a civil society that is constructively responsive; and a socio-political environment which promotes good governance and inclusive growth. In order terms, there is a need for a strong, sustained and shared growth,” Mthuli Ncube, AfDB’s chief economist and vice president, said during the signing of the grant agreement.

ACBF has so far supported some 250 projects and programs in 44 African countries. 

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.